Yesterday markets tested further lower levels 5940 before another bounce towards 6000 levels and settling at 5977 below its 20 DMA.
OI increase was seen in both near strike puts and calls and though PCR at 1.18 is favouring bulls to some extent, overall bears have started taking the upperhand.
Nifty closed at a hefty premium yesterday. Any move below 5960 would see bears pushing markets further down to sub-5900 levels.
Resistance levels : 6010, 6037, 6080
Support levels : 5961, 5931, 5885
-Happy Trading
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